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Central Excise - Highlights / Catch Notes

Home Highlights January 2016 Year 2016 This

Reversal of CENVAT Credit - electricity is sold outside for ...


Supreme Court Reverses CENVAT Credit for Electricity Sales; Extended Demand Period for Fraud Deemed Unsustainable.

January 8, 2016

Case Laws     Central Excise     AT

Reversal of CENVAT Credit - electricity is sold outside for consideration - proceedings have been initiated only after the decision by the Hon'ble Supreme Court in appellants case. This much has been stated in the notice as well as the impugned order. Hence, we find invoking extended period of demand alleging fraud and suppression etc on the part of the appellant is not sustainable - AT

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